Advanced Micro Devices (AMD)
Advanced Micro Devices (AMD) is a global semiconductor company specializing in the design and manufacturing of computer processors, graphics cards, and related technologies. Founded in 1969, AMD is known for its innovative CPU and GPU products that serve consumers, data centers, and gaming markets. The company competes with industry giants and is recognized for its advancements in high-performance computing and graphics solutions.
Company News
Former Bitcoin miner IREN saw a 77.2% stock surge in September by doubling its GPU fleet and positioning itself in the AI cloud computing market, driven by massive AI computing demand projections from companies like OpenAI and Nvidia.
AMD and OpenAI announced a multi-year partnership for GPU deployment, with OpenAI potentially acquiring up to 10% ownership in AMD through a warrant agreement. The deal involves deploying 6 gigawatts of AMD's Instinct GPUs and positions AMD as a key strategic partner in AI infrastructure.
Advanced Micro Devices (AMD) announced a landmark partnership with OpenAI to deploy up to 6 gigawatts of AMD Instinct GPU power, causing AMD's stock to surge over 33% in premarket trading.
AMD and OpenAI signed a multi-year agreement for 6 gigawatts of GPU deployment, with the first 1 gigawatt of AMD Instinct MI450 GPUs starting in the second half of 2026. The partnership includes strategic alignment and AMD issuing OpenAI a warrant for up to 160 million shares.
